Last Updated on July 11, 2025 6:37 am by BIZNAMA NEWS
BIZ DESK
— Indian equity markets remained under pressure for a third consecutive session on Friday, July 11 dragged down by heavy selling in IT and auto stocks, along with persistent global uncertainty over U.S. trade policy under President Donald Trump.
The benchmark BSE Sensex closed 690 points lower at 82,500, slipping 0.83%, while the Nifty50 dropped 205 points to end at 25,150, down 0.81%. Broader indices mirrored the downtrend, with the Midcap index falling 0.65% and the Smallcap index losing 0.70%.
Weakness in heavyweight IT stocks led the fall, with TCS plunging 3.46%, Mahindra & Mahindra slipping 2.75%, and Bharti Airtel losing 2.20%. Out of 30 Sensex components, 22 ended in the red. On the other hand, Hindustan Unilever rose 4.61%, Axis Bank added 0.79%, and Sun Pharma gained 0.56%.
At the sectoral level, 19 of 21 indices ended in losses, with IT (-1.77%), Auto (-1.72%), and Tech (-1.65%) among the worst hit. Only FMCG (+0.45%) and Healthcare (+0.17%) closed with gains. Market breadth remained negative, with 2,453 stocks declining versus 1,551 advancing on the BSE.
Investor sentiment remained cautious amid geopolitical noise and the lack of fresh domestic triggers. Meanwhile, in the primary market, all eyes are on Travel Food Services, which is set to list on July 14. Despite a strong QIB response to its ₹2,000 crore IPO, grey market signals suggest muted listing gains due to the weak broader sentiment.
As global cues remain volatile, market participants are expected to stay selective ahead of key earnings announcements and macroeconomic data.
Index Performance
- Sensex: Fell 690 points to 82,500, down 0.83%
- Nifty50: Lost 205 points, closing at 25,150, down 0.81%
Broader indices echoed the downturn:
- Mid-Cap Index: Down 0.65%
- Small-Cap Index: Dropped 0.70%
Among Sensex components, TCS emerged as the top loser, slipping 3.46%, followed by Mahindra & Mahindra at -2.75% and Bharti Airtel at -2.20%. In contrast, Hindustan Lever surged 4.61%, Axis Bank rose 0.79%, and Sun Pharma gained 0.56%.
Sectoral Trends
- IT: Declined 1.77%
- Auto: Fell 1.72%
- FMCG and Health Care bucked the trend, rising 0.45% and 0.17% respectively.
Market breadth remained negative at BSE with 2,453 declining stocks, 1,551 advancing, and 161 unchanged. On the NSE, 55 stocks hit 52-week highs, while 23 stocks slumped to 52-week lows, underscoring volatility.
Investor Outlook This market mood could influence the listing performance of Travel Food Services, which is preparing for its IPO debut on July 14. While institutional backing for the IPO is strong, the prevailing bearish sentiment may dampen initial enthusiasm.
